SOFAZ to invest in warehouse development in Japan

15Feb

February 15, 2017

azernews.az 13 Feb, 2017

Azerbaijan’s oil fund SOFAZ will finance warehouse development projects in Japan. The $100 million investment came one month after a group of Chinese investors, including GF International Investment Management, Huarong International, China Everbright and CMBC International, invested $300 million in e-Shang Redwood as it prepares for an initial public offering this year. SOFAZ investment will allow compensating a gap between the volumes of supplies and a growing demand for modern storage room in Japan.